SUNWEST Bank of Rio Arriba, National Association in Espanola, New Mexico (NM)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of August 15, 1997

SUNWEST Bank of Rio Arriba, National Association in Espanola, New Mexico (NM)
Show street view No street view available for this location

SUNWEST Bank of Rio Arriba, National Association - Overview

General
FDIC Certificate #: 13301
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: SUNWEST Bank of Albuquerque, National Association (#2234)
Federal Reserve ID: 563055
Date Established: January 01, 1916
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 3 (Interstate: No)
FDIC's unique #: 8409
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: No
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: August 15, 1997
Last Structure Change Process Date: September 02, 1997
Last Data Update: September 02, 1997
Data Source Date: April 05, 2012
Location
Address: 1123 North Riverside Drive, Espanola, NM 87532
County: Rio Arriba
Quarterly Banking Profile Region: Dallas
FDIC Geographic Region: Dallas
FDIC Supervisory Region: Atlanta
FDIC Field Office: Albuquerque
Office of the Comptroller the Currency (OCC) District: Midwest
Office of Thrift Supervision Region: West
Combined Statistical Area (CSA): Santa Fe-Espanola, NM (#492)
Core Based Statistical Area (CBSA): Espanola, NM (#21580)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $101.6 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

Dollar figures in thousands
0Total employees (full-time equivalent)
$46Total assets
$87,023Cash and due from depository institutions
$3,593Interest-bearing balances
$0Securities
$33,820Federal funds sold & reverse repurchase agreements
$2,200Net loans & leases
$45,089Loan loss allowance
$901Trading account assets
$0Bank premises and fixed assets
$1,154Other real estate owned
$130Goodwill and other intangibles
$1,037Life insurance assets
$0All other assets
$0Total liabilities and capital
$87,023Total liabilities
$79,196Total deposits
$76,940Interest-bearing deposits
$63,948Deposits held in domestic offices
76940.00%% insured (estimated)
$93Federal funds purchased & repurchase agreements
$1,647Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$609Total equity capital
$609Total bank equity capital
$7,827Perpetual preferred stock
$0Common stock
$1,500Surplus
$2,000Undivided profits
Memoranda
$4,327Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$1,242Income earned, not collected on loans
$321Earning assets
$81,109Long-term assets (5+ years)
$15,730Average Assets, year-to-date
$91,067Average Assets, quarterly
$88,664Volatile liabilities
$4,961Insider loans
$739FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$2,400Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$7,744Total risk weighted assets
$44,570Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1996)

Dollar figures in thousands
$0Total interest income
$7,322Total interest expense
$2,484Net interest income
$4,838Provision for loan and lease losses
$205Total noninterest income
$1,203Fiduciary activities
$0Service charges on deposit accounts
$871Trading account gains & fees
$0Additional noninterest income
$332Total noninterest expense
$3,059Salaries and employee benefits
$1,242Premises and equipment expense
$455Additional noninterest expense
$1,362Pre-tax net operating income
$2,777Securities gains (losses)
$6Applicable income taxes
$1,025Income before extraordinary items
$1,758Extraordinary gains - net
$0Net income attributable to bank
$1,758Net charge-offs
$358Cash dividends
$1,760Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1996)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
8.60%Cost of funding earning assets
2.92%Net interest margin
5.68%Noninterest income to earning assets
1.41%Noninterest expense to earning assets
3.59%Net operating income to assets
1.93%Return on assets (ROA)
1.93%Pretax return on assets
3.06%Return on equity (ROE)
22.56%Retained earnings to average equity (YTD only)
-0.03%Net charge-offs to loans
0.76%Credit loss provision to net charge-offs
57.26%Efficiency ratio
50,637Assets per employee
1.89%Cash dividends to net income (YTD only)
Condition Ratios (%)
100.11%Loss allowance to loans
1.96%Loss allowance to noncurrent loans
72.54%Noncurrent assets plus other real estate owned to assets
1.58%Noncurrent loans to loans
2.70%Net loans and leases to deposits
58.60%Net loans and leases to core deposits
61.24%Equity capital to assets
8.99%Core capital (leverage) ratio
8.70%Tier 1 risk-based capital ratio
17.37%Total risk-based capital ratio
Memoranda
$19Average assets
$91,067Average earning assets
$7,792Average equity
$85,136Average loans

Comment about this bank, ask questions, or add new information about it:

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with SUNWEST Bank of Rio Arriba, National Association.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.